FIRST CUT: Auckland Airport lifts annual profit, expects growth on pricing changes

Tue, 22 Aug 2017

By Sophie Boot Aug. 23 (BusinessDesk) - Auckland International Airport lifted annual profit 27 percent with growth from domestic and international passengers, and expects underlying earnings growth in 2018. Net profit rose to $332.9 million in the year ended June 30, from $262.4 million a year earlier, the company said in a statement. Underlying earnings advanced 17 percent to $247.8 million on a 9.7 percent revenue lift to $629.3 million, while expenses rose 8.8 percent to $156.2 million. The company expects underlying profit for 2018...

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